Norges Bank decreases its stake in Cherkizovo Group to 4.89%

Moscow, Russia - December 20, 2016 - Cherkizovo Group (LSE: CHE; MOEX: GCHE), (hereinafter 'Cherkizovo', 'the Group' or 'the Company'), the largest vertically integrated meat and feed producer in Russia, announces that it has received a notification from Norges Bank confirming that it has decreased its share in the Company to 4.89%.

As of December 16, 2016, Norges Bank, the central bank of Norway, held 2,148,550 shares in Cherkizovo Group, representing 4.89% of the share capital and voting rights in the Company. Norges Bank previously held a 5.70% stake in Cherkizovo Group.

For more information please visit www.cherkizovo.com or contact

Cherkizovo Group

Dmitry Yakovlev
IR Manager
+7 (495) 660 2440 ext. 15962
d.yakovlev@cherkizovo.com

FTI Consulting

Anton Karpov
+7 (495) 795 0623
anton.karpov@fticonsulting.com

About Cherkizovo Group

Cherkizovo Group is the largest meat and feed producer in Russia. The Group is a top-3 producer in the poultry, pork and processed meat markets and is the largest feed manufacturer in the country.

Cherkizovo Group encompasses 8 full cycle poultry production facilities, 15 modern pork production facilities, 6 meat processing plants, 9 feed mills and more than 140,000 hectares of agricultural land. In 2015, Cherkizovo Group produced more than 825,000 tons of meat products.

Thanks to its vertically integrated structure, which includes grain growing and storage, feed production, livestock breeding, fattening and slaughtering, and meat processing, alongside a distribution system, the Group has consistently delivered stable, long-term growth of both sales and revenue. The Company's consolidated revenue reached RUB 77.0 bn in 2015.

Cherkizovo Group shares are traded on the London Stock Exchange (LSE) and on the Moscow Exchange (MOEX).